Coinbase Markets has identified unusually strong bullish demand in XRP options, with the one-week 25-delta call-minus-put skew climbing to 9.3 volatility points, placing it in the 95th percentile. This indicates that demand for comparable calls has rarely been this strong relative to puts, marking one of the strongest bullish skews observed in the market over the past year. The bullish positioning follows XRP's approximately 18% gain over the past seven days.